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TechnicallyCorrect

K Daily Setup

Long
Kellanova (NYSE:K)  
TechnicallyCorrect  
NYSE:K   Kellanova
Technical Indicators Trend Lines Chart Patterns kellogg Double Bottom gap gapfill Trend Line Break buysetup golong riskreward
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indicator trendline chartpattern kellogg doublebottom gap gapfill trendlinebreak buysetup golong riskreward
K daily long setup:

Over the last few weeks prices have filled in the gap made on the May 6th earnings and then formed a double bottom at that support level. On Friday prices broke the top trendline and MACD has crossed positive.

Buy taking out Friday's high at 64.57

Stop Loss under double bottom at 62.41

Profit Target 72.78

Risk/Reward 3.8

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